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Veradigm (NASDAQ:MDRX) Shares Gap Down - Time to Sell?

Veradigm logo with Business Services background

Veradigm Inc. (NASDAQ:MDRX - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $9.26, but opened at $8.90. Veradigm shares last traded at $9.45, with a volume of 24,377 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Veradigm in a research note on Friday. They issued a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.00.

Check Out Our Latest Stock Report on Veradigm

Veradigm Price Performance

The company has a 50-day simple moving average of $9.51 and a 200-day simple moving average of $9.18.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Veradigm stock. Innealta Capital LLC bought a new position in shares of Veradigm Inc. (NASDAQ:MDRX - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,974 shares of the software maker's stock, valued at approximately $38,000.

About Veradigm

(Get Free Report)

Veradigm Inc, a healthcare technology company, provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), information connectivity, private cloud hosting, outsourcing, analytics, patient access, and population health management solutions.

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